All Forum Posts by: David Randolph

@Orhi Tahi If your looking for "aggregated data" for general reading purposes, ATTOM Data Services post articles and Black Knight (ICE) does a greet monthly PDF file.

IF you are looking to be a real estate investor who buys properties coming into foreclosure then you do that on a county basis. ALL Foreclosure MUST be posted in the county legal newspaper for a certain number of days based on the State. I have a free video and slides on how to find that data that I did a presentation at a local REIA group and my wife recorded it on her iPad if you want to connect with me if that is the kind of data you want.

@Hunter Gibson  I have 14 years experience negotiating and buying Short Sales which are "pr-foreclosure". The process is Federal and the "same" across the whole United States.  I have a free video and slides on where to find them and a 20 case study if you want to connect with me.

@Martin M.  I removed a DOJ Lien PRIOR to the purchase of a single family residence BECUASE I was negotiating a Short Sale that I was buying.  just fyi. Let me know if you want the details.

@Brett Dudley It seems to me that the poster has asked two consecutive questions about how the tax rules are affected by the short term (7 days or less - ie his reference to airbnb) and long term (31 days or more). By definition he has to consider short term rental since there are less than 31 days left in the calendar year.   

I think it is a normal business decision to decide to utilize the remaining time to rent (hence being less than 31 days and perhaps less than 7 day stays and how his options are more open coming into a full calendar year.

I am curious though how changing from 7 days or less this year is effected by going 31+ days next year. The cost seg (80%) and depreciation has already been taken in 2023. Doesn't that remain and only leave the purchase price minus the already depreciated values as the amount for depreciation in 2024 and beyond?  Even switching back to 7 days or less (airbnb) in say 2025, doesn't all that do is just cause the income to switch back to active and hence FICA taxable? We are not really talking about taking a passive loss on active income (hence the choice by most of #3 100 hours and no one more) since most of the depreciation was captured in 2023.

Thank you for your input.